Say Goodbye to 1–2 Day Wait: Same-Day Cheque Clearance Starts Today, October 4– Details Here
New Delhi: The Reserve Bank of India (RBI) is set to transform the country’s cheque clearing system with a major overhaul. From October 4, 2025, the existing batch-processing system which takes up to two working days will be replaced by a continuous clearing and settlement on realization framework. This marks Phase 2 of the RBI’s…
